December 13, 2023
First Home Savings (FHSA) What is a FHSA? A registered account to set aside a maximum of $40,000 for a home purchase. Who can open a FHSA? At least 18 years of age A resident in Canada A First-time home… Continue Reading…
February 8, 2023
Who must file a return and pay the tax Not Required To File – Excluded Owner If you are an excluded owner of a residential property in Canada, you have no obligations or liabilities under the Underused Housing Tax Act. An excluded owner… Continue Reading…
November 9, 2019
We are familiar with using our Registered Retirement Savings Plan (RRSP) to finance the purchase of a home through the Home Buyers’ Plan (HBP). But did you know that you can also use your RRSP’s to finance post secondary school… Continue Reading…
October 9, 2019
When it comes to incorporating most entrepreneurs employ the ‘do-it-yourself’ route. There are many websites or Incorporation packages purchased at registries offices to facilitate this. Doing it this way is enticing to lower costs. This is reasonable as starting up… Continue Reading…
September 16, 2019
OVERVIEW OF TRUSTS A trust is a relationship under which a person, called the settlor, transfers property to another person, called the trustee, who holds that property for the benefit of another person called the beneficiary. The law does not… Continue Reading…
September 9, 2019
Back to School is always a busy time of year. As our kids are heading in to the school year there are a few things to consider for tax purposes. Private school fees for elementary and secondary: Generally, the cost… Continue Reading…
August 8, 2019
Starting your own business can feel overwhelming in the beginning. But with the right team behind you, you can set yourself up success with more informed business decisions. Equipping yourself with as much information available and every tool upfront leads… Continue Reading…
November 7, 2018
There is a great deal of anxiety that arises when the IOC searches for a potential city, that generally includes the country in which the city is located, both of whom would consider hosting the Winter Olympics. The problem with… Continue Reading…
October 30, 2018
Rather then calling meetings to the board room it is a matter of yelling down the hall to a colleague to get their input on a question. Or simply taking a few steps to cover the entire office to call… Continue Reading…
September 21, 2018
ARTISTS (Artist, Author and Composers) Are you in business? Often the income of an artist, writer or entertainer will be sporadic. So for any particular year or number of years, their expenses generally exceed their incomes. How are the annual… Continue Reading…